Sula Vineyards to Buy Chandon Nashik Estate for ₹20cr

Sula Vineyards has signed a definitive agreement to acquire Chandon’s wine estate in Nashik for INR 20 crore. The estate spans 19 acres and includes a wine production facility with annual capacity of 4.5 lakh litres, scalable up to 13 lakh litres.

The property also features an ultra-premium visitor centre, banquet facility, and 5 acres of vineyards, supporting Sula’s wine tourism expansion plans. The transaction is structured as an asset purchase agreement covering land, buildings, and winemaking infrastructure, with brand-related assets excluded. Sula will acquire the estate through its wholly owned subsidiary, Artisan Spirits Private Limited (ASPL), and expects closing by end of Q1 FY27 subject to regulatory approvals.

After completion, Chandon will cease wine production in India, and wines produced from the estate will be marketed by Sula under its own portfolio with no ongoing use of the Chandon brand.